2001 PLP 3366 (PTD)
CENTRAL ZONE, LAHORE Versus Messrs SCHAZOO LABORATORIES LTD., LAHORE
| Citation | 2001 PLP 3366 (PTD) |
| Forum / Court | Lahore High Court |
| Bench Members | Nasim Sikandar and Jawwad S. Khawaja, JJ |
| Parties | CENTRAL ZONE, LAHORE Versus Messrs SCHAZOO LABORATORIES LTD., LAHORE |
| Primary Law | Income Tax Ordinance (XXXI of 1979) |
Q1: What are the key laws and sections cited in 2001 PLP 3366 (PTD)?
This judgment primarily cites: Income Tax Ordinance (XXXI of 1979) as referenced in Pakistani case law index.
Q2: Which judicial bench decided the case 2001 PLP 3366 (PTD)?
The case was heard and decided by the Lahore High Court bench comprising: Nasim Sikandar and Jawwad S. Khawaja, JJ.
Q3: What is the official citation format for this judgment on Pakistan Law Portal?
Cite this legal precedent as: 2001 PLP 3366 (PTD) (CENTRAL ZONE, LAHORE Versus Messrs SCHAZOO LABORATORIES LTD., LAHORE). Read the full summary and cross-referenced laws free on Pakistan Law Portal.
Laws Cited
Representation
- Mirza Anwar Baig for Respondent.
Headnotes / Summary
S.136
Refereoce to High Court
Taxes payable could be termed as retained income for the purpose of levy of surcharge. C.I.T. v. Messrs Habib Sugar Mills Ltd. 1993 PTD 343 rel. Muhammad Ilyas Khan for the Revenue.
Judgment & Decree
NASIM SIKANDAR, J.‑‑‑This is a case stated by the Income Tax Appellate Tribunal, Lahore Bench for our opinion and answer. A question of law so framed reads as under:‑‑‑ "Whether on the facts and in the circumstances of the case the Tribunal was right in holding that taxes payable can be termed as retained income for the purpose of levy of surcharge?"
2. Both the learned counsel agree that the issue in hand finally stands disposed of and decided against the Revenue by the Hon'ble Supreme Court of Pakistan in a reported judgment re:. C.I.T. v. Messrs Habib Sugar Mills Ltd. 1993 PTD 343.
3. Accordingly answered in affirmative. C.M.A./M.A.K./120/L Reference answered.